Wall Street analysts expect TechTarget Inc (NASDAQ:TTGT) to report earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for TechTarget’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. TechTarget posted earnings per share of $0.18 in the same quarter last year, which would indicate a positive year over year growth rate of 50%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 5th.
According to Zacks, analysts expect that TechTarget will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.98 to $1.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.07 to $1.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow TechTarget.
TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. TechTarget had a net margin of 11.73% and a return on equity of 9.55%. The firm had revenue of $33.81 million during the quarter, compared to analyst estimates of $33.60 million.
In other news, CFO Daniel T. Noreck sold 3,500 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $28.78, for a total transaction of $100,730.00. Following the completion of the transaction, the chief financial officer now directly owns 10,257 shares of the company’s stock, valued at approximately $295,196.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Greg Strakosch sold 41,883 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $25.01, for a total transaction of $1,047,493.83. Following the transaction, the chairman now directly owns 472,449 shares of the company’s stock, valued at $11,815,949.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,415 shares of company stock worth $3,965,361. Insiders own 18.68% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC bought a new position in TechTarget during the second quarter valued at $56,000. Aperio Group LLC purchased a new stake in TechTarget in the second quarter worth $72,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in TechTarget by 262.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,578 shares of the information services provider’s stock worth $97,000 after buying an additional 3,315 shares during the last quarter. First Quadrant L P CA raised its stake in shares of TechTarget by 43.9% in the second quarter. First Quadrant L P CA now owns 5,979 shares of the information services provider’s stock valued at $127,000 after buying an additional 1,823 shares during the period. Finally, Mason Street Advisors LLC raised its stake in shares of TechTarget by 7.1% in the third quarter. Mason Street Advisors LLC now owns 7,793 shares of the information services provider’s stock valued at $176,000 after buying an additional 516 shares during the period. Institutional investors and hedge funds own 73.76% of the company’s stock.
Shares of NASDAQ TTGT traded down $0.56 during midday trading on Friday, reaching $25.24. The company’s stock had a trading volume of 16,979 shares, compared to its average volume of 170,276. The stock has a market capitalization of $742.67 million, a P/E ratio of 56.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.46 and a quick ratio of 5.46. The firm has a 50 day moving average price of $26.01 and a 200-day moving average price of $23.07. TechTarget has a 12-month low of $11.12 and a 12-month high of $30.00.
TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.
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